Minimum Security. Said Company shall maintain, in conjunction with the other Companies, as minimum security for the Revolving Line of Credit, Collateral having an aggregate resale value at least equal to the outstanding principal balance of the Note and any interest accrued thereon. "Aggregate Resale Value" shall mean the fair market value of the Collateral, in the aggregate, in an arms length transaction between parties of substantially equal bargaining position given a reasonable period of time for negotiation and sale.
Minimum Security. Loss or damage caused by theft or attempted theft of not covered unless devices for the security of the Premises are installed in accordance with the following specification and all such devices are put into full and effective operation at night and whenever the Premises are closed for Business or left unattended.
Minimum Security. The Borrower shall maintain, as minimum security for the Loan, Eligible Inventory, Eligible Accounts and Eligible Real Estate having an aggregate value such that the Borrowing Base will equal or exceed the sum of (a) the unpaid principal balance of the Revolving Loan, plus (b) the aggregate stated value of all issued and outstanding Letters of Credit and if the Borrower fails to do so, the Borrower shall immediately pay to the Bank the difference.
Minimum Security. 7 5.7 Changes in Ownership.......................................... 7 5.8 Acquisition of Partnership Interests.......................... 8
Minimum Security. The Borrower shall maintain, as minimum security for the Loan, Eligible Collateral having an aggregate Market Value such that the Borrowing Base will equal or exceed the aggregate unpaid principal balance of the Loan, and if the Borrower fails to do so, the Borrower shall, within five business days after written notice is sent by the Bank, either (i) pay to the Bank the difference between the aggregate unpaid principal balance of the Loan and the Borrowing Base, or (ii) pledge to the Bank additional Eligible Collateral such that the Borrowing Base will equal or exceed the aggregate unpaid principal balance of the Loan.
Minimum Security. 22 7.9 Management................................................22 7.10 Acquisition of Capital Stock. ............................22 7.11 Cash Dividends and Other Distributions....................22 7.12
Minimum Security. 17 5.8 Sale of Accounts; No Consignment .......................... 18 5.9 Ownership ................................................. 18 5.10 Maintenance of Intercorporate Funds Agreement ............. 18 5.11 Trade Accounts Payable .................................... 18 5.12 Net Worth ................................................. 18 5.13 Ratio of Total Liabilities to Net Worth ................... 18 5.14 Ratio of Net Operating Cash Flow to Debt Service .......... 18 5.15
Minimum Security. The Companies shall maintain, as minimum security for the Revolving Loan and Letters of Credit, Eligible Accounts, Eligible Unbilled Accounts, and Eligible Maintenance Inventory having an aggregate value such that the aggregate stated amount of the Letters of Credit plus the outstanding principal balance of the Revolving Loan shall not exceed the Borrowing Base.
Minimum Security. The Companies shall maintain, as minimum security for the Revolving Loan and Letters of Credit, Eligible Accounts, Eligible Unbilled Accounts and Eligible Incomplete Booked Accounts having an aggregate value such that the aggregate stated amount of the Letters of Credit plus the outstanding principal balance of the Revolving Loan shall not exceed the difference of (i) the Borrowing Base, MINUS $2,000,000.00.
11. Section 10.14, "CURRENT RATIO," of the 2000 Loan Agreement is hereby amended to recite in its entirety as follows:
Minimum Security. 19 6.8 Management ................................................................................ 19 6.9
